Acquisition Assistance & Portfolio Development
Munro Property Group teams assist purchasers considering buying into a strata or community titled complex as there are many relevant matters to examine.
- Body Corporate – pre purchase audit includes the examination of the mandatory search documentation and reporting to clients on the following;
- Corporation liquidity and solvency.
- Reporting upon income arrears, contribution adequacy to service expenses.
- Budget adequate provision for unforeseen or proposed expenses.
- Sinking Fund provision for future non-recurrent works
- Corporation Debt and other inherent liabilities.
- Management efficiency and cost effectiveness – seeking out savings.
- Insurance cover sufficient and compliant with Act
- By-Laws, House Rules, Past Resolutions that may limit or bind a client.
- Restrictive covenants, servient easements, encumbrances and licenses.
- Identifying entitlements, dominant easements, car parking allocations.
- Property Sales Documentation – pre purchase audit.
- Review contract document, terms and conditions.
- Review mandatory Form 1 and attachments.
- Title examination
- Assist conveyancer/solicitor as required.
- Property Investment- pre purchase audit.
- Review existing lease / tenancy documentation.
- Review Residential Tenancies Tribunal documents & security deposit lodgment.
- Confirm market rental rates and recovery of applicable outgoings.
- Portfolio Development
- Consulting and advising on property renovations and refurbishments to maximize investments returns via higher achievable rents and tax savings via accelerated depreciation allowances.